Bank First National (NASDAQ:BFC) Director Todd Sprang Purchases 400 Shares of Company Stock

Bank First National Corporation (NASDAQ:BFC) Director Todd Sprang bought 400 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were acquired at an average cost of $148.37 per share, with a total value of $59,348.00. Following the completion of the transaction, the director owned 2,431 shares in the company, valued at approximately $360,687.47. The trade was a 19.69% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Bank First National Trading Up 1.9%

NASDAQ:BFC opened at $150.62 on Friday. Bank First National Corporation has a 12 month low of $119.08 and a 12 month high of $159.10. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $150.46 and its 200 day moving average is $144.81. The stock has a market capitalization of $1.67 billion, a PE ratio of 18.80 and a beta of 0.42.

Bank First National (NASDAQ:BFC) last issued its earnings results on Tuesday, October 20th. The company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($0.25). The business had revenue of $75.44 million for the quarter, compared to the consensus estimate of $65.80 million. Bank First National had a return on equity of 12.89% and a net margin of 27.38%. Sell-side analysts expect that Bank First National Corporation will post 9.94 earnings per share for the current year.

Bank First National Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 23rd will be paid a $0.65 dividend. The ex-dividend date is Wednesday, December 23rd. This represents a $2.60 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Bank First National’s previous quarterly dividend of $0.60. Bank First National’s dividend payout ratio (DPR) is presently 29.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Zacks Research downgraded Bank First National from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. Piper Sandler lifted their price target on Bank First National from $157.00 to $161.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings upgraded Bank First National from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Institutional Investors Weigh In On Bank First National

A number of institutional investors and hedge funds have recently modified their holdings of the company. Prairie Advisory LLC increased its holdings in shares of Bank First National by 100.4% in the third quarter. Prairie Advisory LLC now owns 74,440 shares of the company’s stock worth $11,077,000 after purchasing an additional 37,300 shares during the period. Legacy Private Trust Co. boosted its stake in Bank First National by 1,048.3% during the third quarter. Legacy Private Trust Co. now owns 40,420 shares of the company’s stock valued at $6,015,000 after buying an additional 36,900 shares during the period. Versant Capital Management Inc boosted its stake in Bank First National by 53.8% during the third quarter. Versant Capital Management Inc now owns 200 shares of the company’s stock valued at $30,000 after buying an additional 70 shares during the period. Engineers Gate Manager LP purchased a new position in Bank First National during the second quarter worth about $228,000. Finally, Squarepoint Ops LLC purchased a new position in Bank First National during the second quarter worth about $424,000. 29.95% of the stock is owned by hedge funds and other institutional investors.

About Bank First National

Bank First National, operating as Bank First Corporation (NASDAQ:BFC), is the holding company for Bank First, a community bank headquartered in Manitowoc, Wisconsin. The bank provides banking services to individuals, families, businesses and municipalities through locations across Wisconsin.

Its products and services include checking and savings accounts, certificates of deposit, consumer loans, residential mortgages, commercial real estate and business lending, agricultural loans, treasury management and online and mobile banking.